Tue Jan 21 04:22:48 UTC 2025: ## Stallion India Fluorochemicals IPO OverSubscribed by 188 Times, Allotment on Jan 21st

**Mumbai, January 21, 2024** – The initial public offering (IPO) of Stallion India Fluorochemicals has concluded with an overwhelming response from investors. The ₹199.45 crore IPO, which ran from January 16th to 20th, was oversubscribed by a massive 188.37 times. Investors applied for 292,22,89,425 shares against the 1,55,12,978 shares on offer.

The Non-Institutional Investors (NII) category saw the most significant oversubscription, at 422.42 times. Qualified Institutional Buyers (QIBs) also showed strong interest, with the category oversubscribed by 172.93 times. Even retail investors subscribed their quota by a significant 99.90 times.

The IPO consisted of a fresh issue of 1.79 crore shares (₹160.73 crore) and an offer-for-sale (OFS) of 43 lakh shares (₹38.72 crore), priced between ₹85 and ₹90 per share.

Share allotment is expected to be finalized today, January 21st. Investors can check their allotment status on the websites of the National Stock Exchange (NSE), Bombay Stock Exchange (BSE), and the registrar, BigShare Services Pvt. Ltd. Successful bidders will receive shares in their Demat accounts on January 22nd, with refunds to non-allottees on the same day. Stallion India Fluorochemicals shares are slated to list on the NSE and BSE on January 23rd.

The grey market premium (GMP) currently stands at ₹48 per share, suggesting a potential listing gain of 53.33% above the upper end of the price band. However, investors are cautioned that GMP is speculative and not an official price indicator.

The company plans to utilize IPO proceeds for capital expenditure at two of its plants and working capital requirements, with a portion allocated for general corporate purposes. Potential investors are advised to consult with financial advisors and carefully review the red herring prospectus before investing.

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